Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- CoreWeave's (CRWV) bonds have plunged to levels that typically indicate distress, in a swift move that has caught the attention of Silicon Valley leaders including Chamath Palihapitiya and Elon Musk. At that price, the bonds yield more than 15% — a figure noted by Palihapitiya that led Musk to respond “yikes” on his social media platform.Shares of the company, which rents out access to leading AI chips, fell as much as 17% on Wednesday. Even though its bonds are trading at distressed levels, CoreWeave’s stock is up more than 60% since its initial public offering in March 2025 and its market value is more than $36.5 billion.

- Ukraine says SpaceX (SPCX) unilaterally restricted the operation of Starshield terminals while in motion on Oct.14 without prior notice to the Defence Forces, a person familiar with the matter says on condition of anonymity. This situation complicates UAV missions, particularly those involving interceptors and mid-range strike drones, and hampers capabilities regarding frontline logistics, reconnaissance, and signal relay, person familiar with the matter tells Bloomberg. SpaceX stock fell sharply as analysts wrestled with Starlink numbers, but the decline was due to CoreWeave.

- Lockheed Martin (LMT) shares are up as Vertical Research Partners raised the recommendation on the defense contractor to buy from hold, noting that while there is uncertainty about the outlook for the US defense budget, bipartisan support for missile spending remains.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

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- Shares of Bending Spoons (BSP) surged as much as 55% after Berkshire Hathaway Inc. agreed to invest an additional $330 million in the Italian technology conglomerate. The investment brings Berkshire’s stake in Bending Spoons to 4% and gives Bending Spoons more capital to pursue acquisitions. Bending Spoons will issue 10 million ordinary shares to Berkshire at $33 apiece through a private placement, according to a statement Wednesday.

- Bank of America's (BAC) stock and fixed-income traders missed estimates, with bond-trading revenue falling 17% to $2.55 billion and equity trading up 10% to $2.51 billion. The company announced a $1.2 billion non-tax-deductible charge for fines for money laundering and sanctions violations, cutting into net income by 17 cents a share. Bank of America's shares slumped, dropping 5.9% at after earlier falling as much as 8.7%, their biggest intraday decline since April 2025.

- CoreWeave's (CRWV) bonds have plunged to levels that typically indicate distress, with its unsecured debt due in 2032 trading below 80 cents on the dollar. The company's shares fell as much as 17% on Wednesday, despite being up more than 60% since its initial public offering in March 2025. CoreWeave Chief Executive Officer Mike Intrator said the market is acting "irrationally", and that the company is confident in its business model and financial engine
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Today's biggest gainers and decliners in the stock market.

On this episode of Stock Movers:

- Bank of America (BAC)'s biggest regulatory fine in the past decade is driving one of its worst earnings days in recent years. Issues with its money-laundering and sanctions controls culminated this week with $1.21 billion of fines — the biggest penalty ever levied by the Office of the Comptroller of the Currency and the third-biggest from the Treasury Department. The news landed less than 15 hours before the bank reported earnings, which were crimped by the charge. Shares declined as much as nearly 9% in trading on Wednesday.

- Morgan Stanley (MS) sold $3 billion of investment-grade bonds Wednesday, braving a volatile market that saw Treasury yields surge for a time because of higher-than-expected consumer price growth. The sale came after Morgan Stanley reported third-quarter results that included record net new assets for its wealth-management business. It brought the bank’s bond issuance this year to $46 billion, the most among the six big Wall Street firms. Shares traded lower.

- BlackRock (BLK) pulled in $205 billion of new money in the third quarter as revenue surged at the world’s largest asset manager, which is now a full year into a major transformation to push further into higher-fee private markets. Shares of BlackRock rose as much as 3.7% to $1,106 after the market open in New York.
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On this episode of Stock Movers:

- Bending Spoons (BSP) shares surged as much as 55% after Berkshire Hathaway Inc. agreed to invest an additional $330 million in the Italian technology conglomerate. The investment brings Berkshire’s stake in Bending Spoons to 4% just three months after it backed the company’s initial public offering.

- Bank of America (BAC) shares drop. The bank reported trading revenue excluding DVA for the third quarter that missed the average analyst estimate. FICC trading revenue excluding DVA also missed expectations. The stock had been down around 1% ahead of results, after US regulators fined the lender more than $1.21 billion for money laundering and sanctions violations.

- Liquidia (LQDA) shares soar after reaching a global settlement resolving all pending litigation with United Therapeutics, agreeing to pay net $380.7 million in multiple installments in 2026 and 2027. BTIG upgrades Liquidia’s stock following the news while viewing the settlement outcome as better than a best-case scenario.
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On this episode of Stock Movers:
- Bank of America (BAC) shares drop. The bank reported trading revenue excluding DVA for the third quarter that missed the average analyst estimate. FICC trading revenue excluding DVA also missed expectations. The stock had been down around 1% ahead of results, after US regulators fined the lender more than $1.21 billion for money laundering and sanctions violations.
- State Street (STT) shares slip. The financial asset manager’s third-quarter net revenue fell short of analyst estimates. State Street also reported an unexpected $62 billion cash outflow in the third quarter, falling short of analyst expectations of a $10 billion cash inflow.
- Progressive (PGR) shares drop after the company reported weaker than expected third quarter results.
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